DMV will only title or register an imported vehicle when the applicant submits proof of compliance. Liquidation Documents: Certified copy of Contract (Form 1 Certificate of Repossession from California, Tennessee, Texas).The financing company owns the vehicle until you have completed the terms of the contract that you signed. This page will provide an overview of Virginia's Repossession Laws and what you should know if you've fallen behind on car payments. You agree that you are responsible for all charges arising out of this Agreement. In Virginia, a creditor may not "accelerate" a contract or loan unless you're more than 10 days late with a payment. If you want to explore a new loan agreement, you'll need to reach out to your lender quickly. Read your finance contract I believe it is explained there. Each finance institution might be different. R The original or an acceptable copy of the agreement, which is the basis of the right to repossess.
